Panel Votes To Back Land Purchase

October 03, 1995

BRISTOL — The city council's real estate committee voted Monday night to recommend that the city buy two Red Stone Hill Road parcels for $29,800.

The unanimous vote came after a closed-door meeting that lasted more than an hour. During the meeting, committee members got a briefing from economic development director Jonathan Rosenthal about plans to attract manufacturers to Red Stone Hill Road.

The two parcels that officials hope to buy comprise 0.64 acres across from Superior Electric. The vacant parcels are owned by Superior's parent company, Dana Corp.

Rosenthal said after the vote that several manufacturing companies are interested in buying property on Red Stone Hill Road. He declined to identify them.

``You don't want a deal to go bad. We have spoken to a number of companies who might be interested,'' he said. Buying the Dana properties ``enhances our flexibility for recruiting companies to Bristol.''

The real estate committee will recommend that the city council and finance board use $29,800 from the approximately $725,000 economic development fund to purchase the land. Both boards will consider the recommendation later this month.

The real estate committee also directed Rosenthal to have the properties appraised.